Key Points
- President Matt Mills sold 38,223 SailPoint shares for approximately $778,220, reducing his position by 1.61%. The sale occurred under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested equity awards.
- SailPoint shares were trading at $20.02, up 2.2%, with a market capitalization of about $11.43 billion. The company recently beat quarterly EPS estimates, reporting $0.09 per share on $308.81 million in revenue, up 17% year over year.
- Analyst sentiment remains favorable, with a “Moderate Buy” consensus and an average price target of $22.11; several institutions also initiated or expanded positions in the stock.
SailPoint, Inc. (NASDAQ:SAIL - Get Free Report) CAO Mitra Rezvan sold 2,596 shares of the firm's stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $20.36, for a total transaction of $52,854.56. Following the completion of the sale, the chief accounting officer directly owned 178,831 shares in the company, valued at approximately $3,640,999.16. This trade represents a 1.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Mitra Rezvan also recently made the following trade(s):
- On Wednesday, October 7th, Mitra Rezvan sold 4,491 shares of SailPoint stock. The shares were sold at an average price of $19.71, for a total transaction of $88,517.61.
- On Thursday, August 13th, Mitra Rezvan sold 1,214 shares of SailPoint stock. The stock was sold at an average price of $20.00, for a total transaction of $24,280.00.
SailPoint Price Performance
NASDAQ SAIL opened at $20.02 on Friday. The stock has a market capitalization of $11.43 billion, a PE ratio of -58.88, a PEG ratio of 2.15 and a beta of 2.15. SailPoint, Inc. has a 1 year low of $10.30 and a 1 year high of $23.89. The business's 50-day moving average is $19.30 and its 200 day moving average is $15.84.
SailPoint (NASDAQ:SAIL - Get Free Report) last announced its quarterly earnings results on Wednesday, September 9th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.01. The company had revenue of $308.81 million for the quarter. SailPoint had a positive return on equity of 2.44% and a negative net margin of 16.92%.The firm's revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.02) EPS. SailPoint has set its FY 2027 guidance at 0.300-0.340 EPS and its Q3 2027 guidance at 0.070-0.080 EPS. As a group, equities research analysts anticipate that SailPoint, Inc. will post 0.33 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on SAIL. KeyCorp initiated coverage on shares of SailPoint in a report on Friday, October 2nd. They issued a "sector weight" rating on the stock. TD Cowen restated a "buy" rating on shares of SailPoint in a report on Wednesday, September 9th. Jefferies Financial Group reaffirmed a "buy" rating on shares of SailPoint in a research report on Wednesday. Truist Financial lifted their target price on shares of SailPoint from $23.00 to $27.00 and gave the company a "buy" rating in a research note on Thursday, September 24th. Finally, Mizuho set a $19.00 target price on shares of SailPoint in a research note on Wednesday, September 9th. Twenty analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $22.11.
Get Our Latest Report on SAIL
Trending Headlines about SailPoint
Here are the key news stories impacting SailPoint this week:
- Positive Sentiment: Robert W. Baird raised its price target to $25 from $22 and reiterated an “outperform” rating, implying substantial upside from recent trading levels. Benzinga report
- Positive Sentiment: Oppenheimer initiated coverage with an “outperform” rating and a $30 price target, citing SailPoint’s potential role in securing AI agents as enterprise adoption expands. Oppenheimer coverage report
- Positive Sentiment: Recent coverage emphasized a significant gap between enterprise AI-agent adoption and identity-security capabilities, potentially creating new demand for SailPoint’s products. AI identity-security opportunity report
- Positive Sentiment: The broader analyst view remains favorable: SailPoint was described as having a “moderate buy” consensus, while Scotiabank also issued positive commentary. Analyst consensus report
- Neutral Sentiment: CEO Mark McClain said AI agents require safeguards, including a “kill switch,” and SailPoint’s Navigate event focused on reducing standing privileges. The comments reinforce the industry opportunity but do not represent new financial guidance. SailPoint CEO AI-agent commentary
- Negative Sentiment: Multiple executives—including the CEO, CFO, president, general counsel, chief accounting officer and an EVP—sold a combined roughly $10 million of shares. However, all transactions were executed under pre-arranged Rule 10b5-1 plans to cover tax withholding on vested equity awards, and each executive retained a substantial stake. SEC insider-trading filing
Institutional Investors Weigh In On SailPoint
Several hedge funds have recently made changes to their positions in SAIL. Gables Capital Management Inc. purchased a new stake in SailPoint in the second quarter worth $29,000. Northwestern Mutual Wealth Management Co. purchased a new position in SailPoint during the second quarter valued at $50,000. State of Wyoming bought a new stake in shares of SailPoint during the 2nd quarter valued at $56,000. Legal & General Group Plc bought a new stake in shares of SailPoint during the 2nd quarter valued at $94,000. Finally, FNY Investment Advisers LLC boosted its holdings in shares of SailPoint by 12.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 8,400 shares of the company's stock valued at $122,000 after buying an additional 900 shares in the last quarter.
About SailPoint
(
Get Free Report)
SailPoint, Inc (NASDAQ:SAIL) is an identity security company that helps organizations manage and protect digital identities and access to applications, data, and other technology resources. Its software is designed to help enterprises determine who should have access to specific resources, enforce access policies, and identify and address inappropriate or excessive access.
The company's offerings include its cloud-based identity security platform, which supports identity governance, access management, lifecycle automation, compliance, and analytics.
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